Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards ( the “Schedule”) includes the federal award activity of Alameda Point Collaborative, Inc. and Subsidiary (the “Organization”) under programs of the federal government for the year ended June 30, 2024.The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
(1) Expenditure reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. (2) The Organization has not elected to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
The following program had federally funded loans outstanding as of June 30, 2024: Supportive Housing Program -AL# 14.235-$400,000 Home Investment Partnerships Program Loan-AL# 14.239-$2,062,887 Housing Opportunities for Persons with Aids Loa- AL# 14.241-$585,228 Community Development Block Grant Loan -AL# 14.218 -$2,440,822